topic Standard Deduction in After you file

Standard Deduction

Andi1054 — Wed, 17 Apr 2019 15:12:05 GMT

HI,

This was my first time to use Turbo Tax..... I am concerned that I may not have gotten my standard deduction, which line would I find it on?

Re: Standard Deduction

xmasbaby0 — Wed, 17 Apr 2019 15:37:01 GMT

TurboTax automatically uses your standard deduction unless you enter enough itemized deductions to exceed your standard deduction or force itemizing because you are filing MFS. Look on line 8 of your Form 1040.

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing.

Your standard deduction lowers your taxable income. It is not a refund

2018 Standard Deductions:

Single $12,000 (+ $1600 65 or older)

Married Filing Separately $12,000 (+ $1300 65 or older)

Married Filing Jointly $24,000 (+ $1300 each spouse 65 or older)

Head of Household $18,000 (+ $1600 65 or older)

Re: Standard Deduction

NCperson — Wed, 17 Apr 2019 18:36:03 GMT

note that the 'standard deduction' could be lower than stated in this thread if you are claimed as a dependent by others - it would depend on your income if that were true.